Hotel Business

FEBRUARY 22, 2023

In 2022, analysis from SiteMinder’s Hotel Booking Trends showed: Travelers globally booked hotel stays considerably further in advance than in 2021, with hotels seeing a 38% increase in average booking lead time, year-on-year. Stays booked to Spain in August were the longest globally, at 2.65

Travel 102

Travel Average Length of Stay Average Daily Rate Global Distribution System 102

SiteMinder

MAY 16, 2023

Additional data from SiteMinder’s Hotel Booking Trends indicated that the average length of stay is also on the rise, with 2022 recording longer stays than previous years. This was particularly true for Spain in summer, which had the longest average stay length in August.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

Cloudbeds

APRIL 8, 2024

It can be customized to fit your brand, cater to international audiences with multi-language and currency options, and offer add-ons or upsells to help you increase revenue. The Himmapana Villas manage around 2,000 bookings annually and needed a reliable hospitality platform, especially a booking engine that could take bookings 24/7.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Little Hotelier

JULY 10, 2023

Minimum length of stay (MLOS or MinLOS) restrictions can be used across all your rooms or a select few that you choose. It can help you maximise your revenue and control your occupancy, but it’s a delicate balance that relies on managing supply and demand. Why do hotels use MLOS?

Minimum Length of Stay 75

Minimum Length of Stay Occupancy Average Length of Stay Revenue 75

SiteMinder

FEBRUARY 13, 2023

In 2022, analysis from SiteMinder’s Hotel Booking Trends showed: Travellers globally booked hotel stays considerably further in advance than in 2021, with hotels seeing a 38% increase in average booking lead time, year-on-year. Stays booked to Spain in August were the longest globally, at 2.65

Average Length of Stay 52

Average Length of Stay Average Daily Rate Travel Global Distribution System 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average booking lead time for hotels is 29.7 million people.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

TravelNet

NOVEMBER 9, 2022

Shelley Warsaw, partner relationship manager at TNS, sat down recently with HomeToGo to discuss their experiences using Track. Introduction HomeToGo is the fastest-growing booking channel for property managers worldwide. HomeToGo is the fastest-growing booking channel for property managers worldwide.

Cancellation 52

Cancellation Average Length of Stay Management Revenue 52

Hotel Business

MARCH 16, 2023

Hospitality management platform Cloudbeds has unveiled its inaugural State of Independent Lodging Report. In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. Meanwhile, ongoing travel restrictions in the Asia Pacific region kept the booking window five days short of the 2019 average.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52

SiteMinder

JUNE 2, 2022

Hotel revenue. Revenue is what keeps your hotel open so having a goal aligned with your income is obviously important. For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. Calculate it by dividing your total revenue by occupied rooms.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

SEPTEMBER 26, 2022

For example, when you identify the market segment that offers your hotel the longest stays you can focus on this segment to drive up the average length of stay in your property. It is a crucial step in applying this data for the benefit of the hotel’s business. They may also group by channel to provide segmentation.

Hotel Marketing 95

Hotel Marketing Market Marketing Fair Share 95

SiteMinder

NOVEMBER 30, 2023

Hoteliers can use statistics to understand their guests better, forecast demand, create offers based on current trends, and optimise their pricing and revenue strategies. 81% of pet owners prefer staying in pet-friendly hotels over other forms of accommodation. Tourists spend an average of 167 USD per day in Thailand.

Travel 52

Travel Accommodation Tourism Hotels 52

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? You need to use forecasting at your hotel to inform your pricing and revenue strategies.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Little Hotelier

AUGUST 29, 2023

A hotel investment that delivers the goods Little Hotelier’s all-in-one booking and hotel management software can deliver an incredible ROI for your small, independent hotel: up to 63x! Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates.

ROI 98

ROI Average Length of Stay Hotels Revenue 98

Hotelogix

OCTOBER 14, 2023

That being said, there are a handful of KPIs for hotel general manager which help hoteliers meet the benchmarks set. The ADR is the average rate at which each room at the hotel was sold on a given day. It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Cloudbeds

MARCH 16, 2023

SAN DIEGO, CA) March 16, 2023 — Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, today announced the launch of its inaugural State of Independent Lodging Report. The next most popular length of stay was 3 to 4 nights. 1 PMS, No.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

Cloudbeds

MARCH 20, 2023

It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. When lodging operators divide guests into segments, they can be more targeted in promotions, communications, and guest services to increase revenue, guest loyalty, and guest satisfaction.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

Hotel Business

SEPTEMBER 14, 2023

We had five central reservation systems, multiple web platforms and 12 different property management systems.” He continued, “So as part of [the $275 million] investment, we consolidated onto a single central reservation system, and we’re in the process of getting to two property management systems.

Average Length of Stay 64

Average Length of Stay OTA Revenue Services 64

Travel Media Group

APRIL 12, 2023

And, at one point, when I was six years old, we stayed, we lived in a hotel for, for three months, and that hotel was my playground and the general manager of that hotel was like a god for me. At one point I studied, in Lozan in Switzerland, hotel management. It was in Jakarta and it was the Hilton International in 1981.

Hospitality 77

Hospitality Travel Business Market 77